China Confident About Stable Growth -- South Korea

TODAY: Sept. 5, 2015 PUB DATE: Sept. 5, 2015

By Kwanwoo Jun ANKARA--China is confident about its stable and sustainable growth despite concerns about a slowdown in the world's second largest economy, South Korea's finance ministry said Saturday. Such confidence was expressed by China's Finance Minister Lou Jiwei to ...

G-20 Countries Vow to Refrain From Currency Depreciation

TODAY: Sept. 5, 2015 PUB DATE: Sept. 5, 2015

By Ian Talley ANKARA--The world's largest economies, including China, will renew their commitment to avoid depreciating their currencies to gain a competitive trading advantage, a senior U.S. Treasury official said Saturday. Weak growth prospects are tempting many countries around the ...

Mixed Jobs Report Sets Fed Up for Close Call on Rates--2nd Update

TODAY: Sept. 5, 2015 PUB DATE: Sept. 5, 2015

By David Harrison The U.S. labor market sent conflicting signals in August--an improved unemployment rate alongside slower hiring--leaving Federal Reserve officials with a mixed picture as they prepare for a critical policy meeting that has been complicated by global turmoil. ...

Merkel: Must Keep Budgetary Discipline During Migrant Crisis

TODAY: Sept. 5, 2015 PUB DATE: Sept. 5, 2015

By Neetha Mahadevan FRANKFURT--German Chancellor Angela Merkel wants to preserve budgetary discipline, despite the additional costs arising from the increasing numbers of refugees. "We cannot just say, because we have a difficult task, the balanced budget or the issue of ...

European Style Work Vans Spur a U.S. Sales Revival

TODAY: Sept. 5, 2015 PUB DATE: Sept. 5, 2015

By Jeff Bennett Mark Unger bought a European-style work van for his Orlando, Fla., restaurant business and strange things began to happen. Driving was fun again, he says, and customers even asked to pose for photos in front of it. ...

G-20 Seeks Reassurances China Plans to Calm Markets

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Ian Talley And Emre Peker ANKARA--Global finance leaders meeting in Turkey this week are seeking details from Chinese officials on how Beijing plans to calm turbulent markets and prevent a collapse in the world's second-largest economy. China's market routs ...

Putin Pitches for Foreign Investment in Russia's Far East

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

VLADIVOSTOK, Russia?Russian President Vladimir Putin made a pitch Friday for greater investment in his country's resource-rich Far East region, despite a slowdown in the Chinese economy that has shaken global markets. Speaking at the Eastern Economic Forum in the port ...

Global Stocks Fall Ahead of US Labor Market Report--Update

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Christopher Whittall Global stock markets fell Friday ahead of a U.S. labor market report that investors will examine for clues about the timing of the first U.S. interest rate rise in almost a decade. The pan-European Stoxx Europe 600 ...

French Consumer Confidence Stable in August

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By William Horobin PARIS--French consumer confidence was stable in August at a level below the long term average. Consumer confidence in the eurozone's second-largest economy was 93 in August, seven points below the long term average of 100, statistics agency ...

G-20 Seeks Reassurances that China Plans to Calm Markets

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

ANKARA?Global finance leaders meeting in Turkey this week are seeking details from Chinese officials on how Beijing plans to calm turbulent markets and prevent a collapse in the world's second-largest economy. China's market routs and a slew of weak data ...

Richmond Fed's Lacker: Case For Rate Increase Strong

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

The case for the Federal Reserve to raise short-term interest rates this month is strong, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday morning, though he also said he had not decided whether to support the U.S. central ...

Stocks Lower After U.S. Labor Market Report -- 5th Update

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Christopher Whittall and Corrie Driebusch U.S. stock futures were lower Friday following a U.S. jobs report that missed expectations, but which many investors saw as strong enough for the U.S. Federal Reserve to possibly raise short-term interest rates later ...

Global Stocks Drop After U.S. Jobs Report

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Corrie Driebusch and Christopher Whittall U.S. stocks fell on Friday following a jobs report that missed expectations, but which many investors saw as strong enough for the Federal Reserve to possibly raise short-term interest rates later this month. Nonfarm ...

ONGC Videsh Buys 15% Stake in Rosneft Block

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

NEW DELHI?India's ONGC Videsh Ltd., the overseas investment arm of state-run Oil & Natural Gas Corp. Ltd., said Friday it will pay up to $1.3 billion to buy a stake in an oil-and-gas block of Russian state-run oil company Rosneft. ...

Russian Inflation Picks Up for Second Month in Row

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Andrey Ostroukh MOSCOW--Russia's inflation rate accelerated for the second month in a row in August, heading away from the central bank's target on the back of the ruble's rapid depreciation, data showed Friday. Consumer prices rose 15.8% in August ...

Corn, Wheat Prices Edge Higher in Light Trading

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Jacob Bunge CHICAGO--U.S. grain and soybean futures closed little changed Friday, with slight gains for corn and wheat in light trading ahead of a long U.S. holiday weekend. Little fresh data on crop conditions or demand left traders to ...

Canada Adds Jobs in August -- Update

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Kim Mackrael OTTAWA-Canada's economy created more jobs than expected in August but the unemployment rate increased as more people searched for work. The country added a net 12,000 jobs in August, and the unemployment rate increased to 7.0% after ...

Stocks Decline as Investors See Firm Signals in Jobs Data

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Corrie Driebusch U.S. stocks fell Friday, capping their second-worst weekly performance of the year, after a jobs report that failed to provide much clarity on when the U.S. Federal Reserve will raise short-term interest rates. The declines complete a ...

Eurozone Governments Should Be Allowed Some Budget Flexibility, Nowotny Says

TODAY: Sept. 5, 2015 PUB DATE: Sept. 4, 2015

By Gabriele Steinhauser ALPBACH, Austria--Eurozone governments should be permitted some flexibility under the European Union's budget rules to help buffer the economic slowdown caused by uncertainty in emerging markets, the governor of Austria's central bank said Friday. Fiscal and structural ...